And this excerpt interesting in relation to the big move for (UK's) accountancy and consultancy firms to support SMEs. And the obvious need for a platform like 9sp in the large global firms:
Market competition
Deloitte is not the first Big Four outfit to make a move into the small business market.
KPMG has been tackling the space for several years now. In 2014, the firm invested£40m to extend its mid-market services to small and start-up businesses via KPMG Enterprise, which comprised of a cloud-based small business accounting service, which helps small businesses deal with bookkeeping, payroll, VAT and corporate tax returns.
In 2015, Iain Moffatt, KPMG’s former UK head of regions and now head of National Market, declared KPMG’s intention to disrupt and dominate the small business market by telling small businesses “you can pay us the same as your current accountant but we’ll give you more”. He also went on to say that within the next five years, Google or Amazon, rather big accountancy firms, could be their biggest threat.
In September last year, KPMG went on to strengthen its small business services through a tie-up with Metro Bank to combine their accountancy and banking operations to provide small businesses with quick and easy access to expert advice and services, a move they said would “significantly reduce the hurdles presented by financial red tape”.
In the same month, PwC and software giant Sage announced a new alliance in a determined push to win market share in the UK and global SME space.
Both groups claimed the launch would initially focus on the UK before the offering is rolled out across the planet and fuses the Sage Live offering and the ‘real-time social accounting’ of PwC UK’s cloud based accounting service, My Financepartner.